Without identified insurance or an owner that can be tracked down, the ultimate fate of the Pablo is unclear, highlighting the dangers of the Shadow Fleet.
APAC is likely to see a massive surge in embedded device insurance, driven by a thriving market ecosystem, innovative protection plans, and emerging 6G technology.
Despite advances in safety measures and culture, a repeat of the earthquake would cause economic loss of US$331bn and insurance losses around US$140bn, according to Moody's RMS and Swiss Re.
Major Chinese insurers are unlikely to face a crisis due to the country's falling property market, however the extent of exposure for smaller and privately backed players is unclear.
